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Question Practice

What does the term 'new profit-sharing ratio' refer to?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

What does the term 'new profit...

Single Answer MCQ
Q-00082216

What does the term 'new profit-sharing ratio' refer to?

1

The ratio before a partner retires.

2

The ratio after all liabilities are settled.

3

The ratio in which remaining partners share future profits.

4

The ratio of contributions to capital.

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Q4.

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